Hey Wrongway,
I have also done my homework on SBM. There is upside and downside, but on my analysis and on balance the downside is limited whereas the uptick is open. Sure SBM has a few issues but for me its worth the punt. Technically its oversold, fundamentally it needs to bring down its cost of production and i guess thats where quality of management comes in. Their quality is questionable though as they have not really delivered when you consider their 17 million loss last FY. Conclusion-well SBM is risky, but it is an unhedged producer with increased production forecast and rising POG.
I'll back my homework any day and i wil be patient. In 12 months SBM will be right back there. I remember when I was picking up large chunks of CRS in the 30's and consensus was against my analysis. Now I'm not saying SBM is another CRS but always do your own homework and put your own money where your mouth is, if you are risk averse and are morally hazardous.
- Forums
- ASX - By Stock
- Gold & SBM love affair?
Hey Wrongway,I have also done my homework on SBM. There is...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SBM (ASX) to my watchlist
(20min delay)
|
|||||
Last
34.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $280.2M |
Open | High | Low | Value | Volume |
33.5¢ | 34.5¢ | 33.0¢ | $943.6K | 2.783M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 1047213 | 34.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
34.5¢ | 1244831 | 22 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
23 | 1047919 | 0.340 |
8 | 366058 | 0.335 |
15 | 211787 | 0.330 |
7 | 449435 | 0.325 |
12 | 1613581 | 0.320 |
Price($) | Vol. | No. |
---|---|---|
0.345 | 1244831 | 22 |
0.350 | 281058 | 16 |
0.355 | 220013 | 12 |
0.360 | 329959 | 16 |
0.365 | 346462 | 10 |
Last trade - 13.50pm 08/10/2024 (20 minute delay) ? |
Featured News
SBM (ASX) Chart |